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Mining Projects on Hold; Australian Dollar Rises

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
10 May, 2010
New York City

Stocks rise and dollar gains in Australia as European lenders agree to a larger bailout package for the debt crisis in Europe. Australian job ads drop 1.2% in April. Australian business confidence declines by 3 to 13 points in April. Peabody revises Macarthur takeover offer to A$3.8 billion.

Washington Post, Kraft, AIG Rise

Mayank Mehta
07 May, 2010
New York City

CareFusion Corporation led the decliners in the S&P 500 index with a loss of 6.4%. AIG swings to a first quarter profit. Panasonic fiscal-year loss narrows but sales slip. Kraft profit jumps and sales up 26%. Washington Post swings to profit.

Germany Sanctions Greece Bailout

Arthi Gupta, Mayank Mehta and Sanjay Barot
07 May, 2010
New York City

European stocks pare losses as U.S. employment increases. Germany agrees to contribute emergency loans to Greece. U.K. election ends in stalemate. Munich Re''s first quarter profit rises 11%.

U.K. Election Stalemate, Pound Falls

Arthi Gupta, Mayank Mehta and Sanjay Barot
07 May, 2010
New York City

The pound slumps as the U.K. election fails to produce a clear winner. UK producer prices increase 5.7% and house prices fall 0.1% in April. RBS makes first quarter operating profit. Chaucer Holdings sees Deepwater Horizon losses at $25 million. easyJet plc traffic down 8% in April.

Crucial G7 Meet Today, Payrolls In U.S. Surge

Arthi Gupta, Mayank Mehta and Sanjay Barot
07 May, 2010
New York City

U.S. stocks advance as U.S. non-farm payroll employment rises and unemployment rate edges higher to 9.9%. Crucial G7 meet today to discuss Greece debt crisis. Conservative David Cameron wins UK election but fails to get majority. Kraft Foods profit soars. AIG net swings to $1.5 billion.

Apex Court Gives Verdict in Reliance Gas Dispute

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
07 May, 2010
New York City

Stocks in Mumbai traded lower. Sun Pharmaceutical gets U.S. ok for generic Namenda tablets. Reliance Gas dispute verdict given by Supreme Court. Ramco Systems inks deal with Dubai-Based Tradeline Group.

BOJ Pumps in 2 Trillion Yen to Stabilize Market

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
07 May, 2010
New York City

Bank of Japan injects 2 trillion yen into the financial system. Toshiba annual loss eases to 19.7 billion yen. Toshiba and Panasonic forecast first profit in three years due to increasing demand.

China Stocks Slide; Swire IPO Shelved

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
07 May, 2010
New York City

Chinese stocks fall on European debt crisis Swire Properties shelves its IPO. PetroChina to boost refining capacity. Li & Fung sells $400 million bond amid tough markets.

Australian Building Industry Expands

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
07 May, 2010
New York City

Australian stocks fall on Greek contagion. Australian construction activity rises in April. Reserve Bank of Australia warns of economic slowdown due Europe

Titanium Metals Corporation, Teradata Rise

Mayank Mehta
06 May, 2010
New York City

Titanium Metals Corporation led gainers in the S&P 500 index with a rise of 16.0%. Ross Stores April same-store sales up 3%. Teradata first quarter net soars 49%. MetroPCS first quarter net fell 48%.

Greece Austerity Bill Passed

Arthi Gupta, Mayank Mehta and Sanjay Barot
06 May, 2010
New York City

Greece austerity bill gets parliament approval. German factory orders surges. General elections in UK today. Commerzbank AG returns to profit in first quarter. BNP Paribas

UK Election Today, Essar IPO Stumbles

Arthi Gupta, Mayank Mehta and Sanjay Barot
06 May, 2010
New York City

U.K. stocks decline on fears of contagion. The pound falls amidst worries of a hung parliament. Britain goes to polls today. The U.K. service sector continues to expand in April. Essar Energy cuts IPO price to 420 pence. Schroders first quarter pre-tax profit rises. Vedanta Resources profit soars.

Interest Rates Unchanged, Euro Falls

Arthi Gupta, Mayank Mehta and Sanjay Barot
06 May, 2010
New York City

The euro and world shares fell amidst worries that the sovereign debt crisis may spread to other eurozone countries. U.S. productivity rises in first quarter at 3.6% and weekly jobless claims decrease 7,000. Britain goes to the polls today. Cigna first quarter profit rises.

Sensex Drops; Essar Energy IPO Listed on LSE

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
06 May, 2010
New York City

Stocks in Mumbai traded lower. Mediaone Global Entertainment hits the roof on bonus plan. ICICI eyes stake in Bank of Rajasthan. Glenmark unit signs licensing pact with Taro Pharmaceuticals unit.

China Stocks Fall; Properties Boom Curbed

Mayank Mehta, Chandrasekhar Atreya and Darlington Musarurwa
06 May, 2010
New York City

Hua Xia Bank Co to raise 20.8 billion yuan. PetroChina starts expansion of Ningxia oil refinery. Ping An plans to acquire Shanghai securities.

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